How regulation is changing the FX market
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The reign of terrorInvestigations into allegations of market fixing in foreign exchange are spreading into the very heart of the business. Those running the world’s biggest FX houses live in fear of what analysis of hundreds of millions of calls and emails will unearth. Do investigators and regulators risk bringing down the axe on a market that has always provided unrivalled liquidity and ultra-tight pricing for clients? The trials of a global head of foreign exchangeWho would be a global head of foreign exchange in a market like this? Most of them are spending the vast majority of their days dealing with investigations, rather than thinking strategically about their business or going out to see clients. |
Who's best where? FX Survey results
Ranking FX banks by market share around the globe, the Euromoney FX Survey is the industry's leading review of FX trading, research and e-business capabilities for corporates, real money, banks, and leveraged funds. Find out who's best for trading what currency where.
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2014 FX Survey results and category indexResults available to subscribers Press releaseFree to access |
Rising up the Euromoney FX overall rankings
The big winners in the 2014 FX Survey results over the past three years have seen their FX trading volumes significantly increase:
| Top 10 risers in overall rating, 2011 to 2014 | ||||
| Bank | Rank change since 2011 | Market share change (%) | Volume change ($mln) | Volume change (%) |
| National Australia Bank | 25 | 0.43 | 1,012,005 | 694.3 |
| ANZ Banking Group | 22 | 0.52 | 1,205,097 | 725.6 |
| Westpac Banking Corporation | 10 | 0.6 | 1,534,418 | 241.3 |
| BBVA | 9 | 0.13 | 386,335 | 104.1 |
| State Street | 6 | 0.69 | 1,772,736 | 223.8 |
| Bank of America Merrill Lynch | 5 | 1.43 | 4,634,197 | 88.7 |
| Citi | 3 | 7.18 | 20,402,779 | 129.7 |
| Standard Chartered | 3 | 0.31 | 1,207,185 | 63.8 |
| Sumitomo Mitsui Banking Corporation | 3 | 0.01 | 152,254 | 31.5 |
| Natixis | 3 | 0.04 | 199,956 | 47.5 |
| Source: EuromoneyFXMarketData |
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Read about how the following banks performed in this year's survey:
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Citi Bank of America Merrill Lynch National Australia Bank RBS BBVA Standard Chartered
More about the FX Survey
As well as quantitative data on a global, regional and client and product-type basis, Euromoney also publishes qualitative performance rankings across a similar range of categories. View more information.
FX Survey 2014 Respondent Report
You can download our exclusive FX data reports, defining the key trends and providing essential analysis of the FX industry. These reports provide a small sample of the data collected during our research process and are made available for free.
Download sample report from the 2013 non-financial corporate report